More than a bad memory

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If there is one thing guaranteed to irritate an executive from General Motors,
it is hearing the carmaker mocked as “Government Motors” — the nickname GM
was lumbered with after Washington stepped in with a $49.5 billion bailout
four years ago.

Every time the bailout is mentioned, it is a reminder of the humbling of one
of America’s great companies, a reminder of failure. But that should change
over the next year or so as the Government sells its remaining shares. GM
hurried the process last month along a little bit when it agreed to buy back
$5.5 billion of stock